Trade While Messaging with Secretum on Solana

Trade While Messaging with Secretum on Solana

Combine all your crypto activity in a single platform

As the blockchain space continues to evolve and offer new use cases, Secretum aims to combine all of the essentials in a single platform. Powered by the fast and secure Solana blockchain, Secretum offers users the ability to trade cryptocurrencies, and interact with their peers all in the same place. 

Crypto trading is one of the most important blockchain use cases today. And while many seek ways to benefit from the endeavor, the availability of institutional-grade trading functionalities and tools remains a key factor in whether or not crypto trading is worth a shot.

Privacy and security remain a top priority but also a major concern within the crypto space. Many crypto establishments have taken a conventional “know your customer” (KYC) and account registration as a prerequisite for users, but this also exposes their customers’ data to leaks. For instance, in 2018, a popular crypto exchange Binance was a target of a phishing attack in which the hackers gained access to data of many customers. Apart from theft-related data situations, the challenge of crypto taxation also exists because of data submission to these crypto organizations.

Considering these issues, the crypto space desperately needs a well-blended system that will improve quality and mitigate vulnerabilities of both centralized and decentralized exchanges. This is where Secretum takes the spotlight. 

“Socio-Trading” with Secretum is fun

The Solana blockchain hosts a one-stop decentralized application (Dapp), run by Secretum which creates a community of traders. Secretum will allow traders to become part of a like-minded group of people while enabling functions like messaging and profitable crypto trading. Simply put, Secretum will incorporate the following features:

  • Crypto Trading (OTC and P2P)
  • Communication with other wallets in the platform
  • Access to smart public channels
  • Validation through wallet 

Secretum offers a completely new platform on the Solana blockchain, allowing all crypto-asset owners to trade tokens over-the-counter (OTC) or use the available P2P arrangements via an integrated escrow smart contract functionality. Users will also be able to safely invest in validated crypto projects and communicate via smart public channels.

Furthermore, Secretum will allow the opportunity of direct, anonymous communications by messaging, phone, as well as video between wallet owners around the world, based only on blockchain addresses. This functionality aims to improve traders’ privacy.

This “socio-trading” ecosystem is being built to promote a completely private trader’s profile. Secretum will provide a blend of the most important features of both centralized and decentralized crypto exchanges, while also addressing the shortcomings on both sides.

Solana brings security and lightning-fast processing

Secretum chose Solana as a foundation thanks to its unmatched capabilities. It can process up to 50,000 transactions per second, with an average transaction cost of only about $0.0025. As this is by far more efficient than most famous blockchains like Ethereum, Secretum employs the efficiency of the Solana blockchain to facilitate instantaneous transactions that cost only a fraction of a cent!

Transactions over the Secretum dapps ecosystem are lightning-fast and affordable. Not to mention that Solana already has a wide portfolio of decentralized applications under its hood. Varying from NFT platforms to exchanges and games, Solana is steadily becoming a worthy competitor to Ethereum. 

Bottom Line

The blockchain became an internet sensation just about a decade ago but has already cut across many industries. One of its most important use cases is the activity of crypto trading, which has gone through a series of advancements more recently.

Secretum opens up a window of opportunities into the world of trading. According to DappRadar’s 2021 yearly industry report, the decentralized finance (DeFi) sector saw its TVL increase 7 times year-over-year surpassing $200 billion. For traders to be able to tap into such an opportunity while also keeping the confidence of CEX-grade security is the core value of the Secretum ecosystem. To learn more about Secretum, check out the official website, and social media accounts

Disclaimer — This is a sponsored article. DappRadar does not endorse any content or product on this page. DappRadar aims to provide accurate information, but readers should always do their own research before taking action. Articles by DappRadar can not be considered as investment advice.

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